For the 2019, 2020, and 2021 metrics, see the subsection “Resource efficiency and environmental impact” of the section “Sustainability Data”.


Every year, an increasing number of countries and companies strive to account for and reduce greenhouse gas emissions, and their actions are becoming more focused. The participants of COP26 reached certain agreements, including on Article 6 of the Paris Agreement, which defines how international carbon markets should operate. These agreements may lead to changes in national law and affect the business environment and financial flows of financial institutions and companies.

Moscow Exchange strives to mitigate climate change in two ways: through compliance with best global practices in accounting for and reducing greenhouse gas emissions and through responsible investing mechanisms that encourage issuers and financial market participants to invest in the implementation of climate action initiatives. For Moscow Exchange’s foreign activities under the climate agenda, see the subsection “Responsible investing and sustainable growth”.

This subsection describes Moscow Exchange Group’s approaches to climate risk management, as well as its activities and initiatives to reduce the greenhouse gas emissions from its operations in line with the TCFD’s recommendations.